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Debate House Prices
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1st Anniversary: HPC: Did you warn us? Where are your proudest postings?
Comments
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John_Pierpoint wrote: »PS NDG your link freezes - on my browser anyway - this must be the curse of MSE ?
Sorry John - not sure why. It opens OK for me....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
sell to rent
[Then get seriously worried that the Icelandic bank you have put it all in might go bust!]
Can I chip in this posting?
http://forums.moneysavingexpert.com/showthread.html?p=6395212#post6395212
It is on the use of Land Registry documents - that should be available in the HIP - to go forewarned & forearmed when trying to buy a property in current markets. (Perhaps I should have called the sellers Mr & Mrs Mew):rolleyes:
(I think, in the current market, I would only risk a redevelopment/renovation bought at a distress price, for a couple prepared to spend next summer in a caravan in the garden).:beer:
Harry
PS I'm still monitoring the property involved, perhaps it has been repossessed, but it has not (yet) appeared on any of the "house price" web sites.0 -
Sell To Rent, caveman38:T:j :TMFiT-T2 No.120|Challenge started 12.12.09|MFD 12.12.12 :j:T:j0
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Wonder where m00m00 is these days:BTL mortgages will virtually disappear and return to the very specialist niche of 10 years ago, if there's a general credit crunch. what will bring down house prices more than anything else, is the banks willingness to lend money, and this will apply equally if not more so to BTL than to residential property.poppy100
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That would be the m00m00 who did spread sheets of price falls in selected towns?
Send out the search and rescue squad - they found Nelly banished to the housepricecrash site.0 -
And the Golden Rasberry goes to !!!!!!, for misunderestimating how far the government would go to try to stave off the inevitable crash:Indeed - when banks foreclose on loans to regular businesses, as is increasingly likely to happen should the economy turn bad, can we expect the government to underwrite the business and provide liquidity in the ensuing cash flow crisis? Not likely.poppy100
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PasturesNew wrote: »I didn't make any bold statements. I gave my quiet little opinion and sat in the background eating wine gums and waiting.
I am not a fighter, I am not a "told you so" person.
Pastures. Have I got to go and find one of your beautiful carefully researched postings,?
This is more difficult than I thought, the search facility on MSE only goes back 300 postings. For Pastures that seems to be about a month's output.;)
So this little story of the last recession will have to do:
http://forums.moneysavingexpert.com/showthread.html?p=9037779#post9037779
I then tried google but google decided I must have some sort of criminal intent as I tried to access the "oldest" of "about 3,690 [entries] from forums.moneysavingexpert.com for “pasturesnew”. (0.54 seconds)"
produced
your query looks similar to automated requests from a computer virus or spyware application. . :rolleyes::rolleyes:
That got me thinking: If google knows so much about Pastures, what does Pastures know about the rest of us.?
Think I will take the lap top and hide under the bed cloths and turn on the night storage heater:eek:
I'll leave the last word to Pastures:
Well done, but you do realise this reads like somebody who has far too much time on their hands!
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And the Golden Rasberry goes to !!!!!!, for misunderestimating how far the government would go to try to stave off the inevitable crash:
Actually, the only businesses they have underwritten directly so far are the banks.
I do have a feeling that they may eventually follow the Fed and make loans directly to businesses themselves through the BoE, certainly the big corporates.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
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